K.J. Harrison & Partners Inc Takes $664,000 Position in C.H. Robinson Worldwide, Inc. $CHRW

K.J. Harrison & Partners Inc bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,000 shares of the transportation company’s stock, valued at approximately $664,000.

Other large investors also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at $27,000. DV Equities LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $30,000. Finally, Bayban purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays upped their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. TD Cowen increased their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Finally, Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.35.

C.H. Robinson Worldwide Price Performance

CHRW opened at $189.85 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $180.24 and its 200 day moving average price is $177.17. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $96.27 and a fifty-two week high of $203.34. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 earnings per share. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.